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International Finance Corporation Invests in Russian, Turkish Private Equity Funds (CEE and CIS)
International Finance Corporation has announced a US$20 million investment in Russian private equity fund Elbrus Capital Fund II and a EUR15 million (approximately US$19.4 million) investment in Turkish private equity fund Mediterra Capital Partners I. Elbrus Capital Fund II, managed by Russian private equity firm Elbrus Capital, is targeting US$500 million in commitments and seeks to invest in mid-cap growth… Read More
Kinea Raises US$490 Million for Fund II (Latin America)
Kinea Investimentos, the alternative asset management arm of Brazilian financial services group Itaú Group, has announced the final close of its second Brazil-focused private equity fund, Kinea II Private Equity Fund, with BRL1 billion (approximately US$490 million) in commitments. The firm raised the fund entirely from domestic sources of capital through two vehicles: a BRL800 million (approximately US$390 million) vehicle… Read More
Courts Asia Debuts on the Singapore Exchange (Asia)
Singapore-based electronics and furniture retailer Courts Asia, a portfolio company of Asian private equity firm Baring Private Equity Asia, made its debut on the Singapore Exchange on 8 October 2012. Courts Asia offered 178 million shares, 44 percent of which were purchased by four cornerstone investors: JF Asset Management, New Silk Road Investment, Target Asset Management and Value Partners Hong… Read More
RDIF Invests in IPO of Russia’s MD Medical Group (CEE and CIS)
The Russian government’s equity investment fund, Russian Direct Investment Fund (RDIF), has announced the investment of US$50 million, along with global asset manager BlackRock, Russia-focused private equity firm Russia Partners, a wholly owned subsidiary of Siguler Guff & Company, and other institutional investors in MD Medical Group (MDMG), a Russian healthcare provider, as part of its IPO on the London… Read More
Partners Venture Capital Buys Stake in South Korea’s Panax Etec (Asia)
South Korean venture capital firm Partners Venture Capital has acquired a 10 percent stake in South Korean battery electrolyte manufacturer Panax Etec for KRW10 billion (approximately US$9 million). The investment took place through a secondary purchase from investors Samsung Venture Investment and Bokwang Investment, both of whom partially exited their stakes in the company. Read More
Everstone Capital to Invest US$38 Million in Publishing Firm S. Chand & Company (Asia)
Indian private equity and real estate investor Everstone Capital is investing INR2 billion (approximately US$37.8 million) in S. Chand & Company, an Indian publisher of educational materials, for a reported 35 percent stake. The investment was made through the Everstone Capital Partners II private equity fund. S. Chand & Company plans to use the capital to fund an inorganic growth… Read More
Baring India Raises Stake in Manappuram Finance (Asia)
India-focused private equity firm Baring Private Equity Partners (BPEP) India has increased its holding in Indian non-banking financial company Manappuram Finance. BPEP India purchased 10.3 million shares of Manappuram on the Bombay Stock Exchange and the National Stock Exchange, amounting to a 1.23 percent equity stake. Following the transaction, which took place in several tranches, BPEP India now holds a… Read More
Horizon Capital and FMO Invest into Ukrainian Pharmaceutical Company Biofarma (CEE and CIS)
Ukraine-based private equity fund manager Horizon Capital and Dutch development bank FMO have invested in Biofarma, a Ukrainian pharmaceutical manufacturer. The capital will be used to fund the construction of a new pharmaceutical plant with upgraded manufacturing lines and laboratory equipment in the Kyiv region. The transaction marks Horizon Capital’s second investment in Ukraine through its Emerging Europe Growth Fund… Read More
Blackstone Buys Stake in Indian Tractor Maker (Asia)
The Blackstone Group has agreed to buy a 12.5 percent stake in International Tractors Limited (ITL), an Indian manufacturer of tractors, for up to INR5.2 billion (approximately US$100 million). The investment will be made from the Blackstone Capital Partners (Singapore) VI fund. ITL plans to use the funding to expand its operations both domestically and internationally. Read More
Actis Raises US$278 Million for Real Estate in Africa (Sub-Saharan Africa)
Global emerging markets investor Actis has confirmed the final close of its second Africa-focused real estate fund, Actis Africa Real Estate 2, with total commitments of US$278 million. The fund will focus on retail and office developments in East Africa, West Africa and Southern Africa, excluding South Africa. Actis’s portfolio for the fund currently includes developments in Kenya, Ghana, Nigeria… Read More
ClicBusiness Receives Investment of BRL1.8 Million from FIR Capital Partners (Latin America)
Brazil-focused venture capital firm FIR Capital Partners has invested BRL1.8 million (approximately US$884,000) in ClicBusiness Software, a Brazilian provider of transaction processing services for online retailers. The investment was made through FIR Capital’s Fundo Santa Catarina, a venture capital fund focused on the Brazilian state of Santa Catarina. Read More
Carlyle Group Sells Stake in India’s HDFC in Latest Exit (Asia)
The Carlyle Group, through its CMP Asia investment vehicle, sold approximately 57 million shares in HDFC, an Indian private sector bank. The share sale, which took place on both the Bombay Stock Exchange and National Stock Exchange, saw Carlyle divest approximately 3.71 percent of HDFC, representing its entire stake, for an aggregate value of approximately US$838 million. Carlyle had partially… Read More